IDICO Corporation – JSC has officially signed a Memorandum of Understanding (MOU) for investment cooperation with one of China’s leading tire manufacturers, marking the starting point for a large-scale manufacturing project at IDICO Phu My II Expansion Industrial Park (IP). Under the agreement, the initial-phase investment capital of the project is expected to reach USD 150 million – a figure reflecting the investor’s strong commitment and long-term vision in choosing Vietnam as a strategic manufacturing destination.

Adjacent to Seaports – Direct Connectivity to Europe and the Americas

The project is located at IDICO Phu My II Expansion IP, part of IDICO’s port-adjacent IPs complex spanning more than 1,000 hectares, which boasts integrated infrastructure and direct connectivity to the Cai Mep – Thi Vai deep-water port cluster – one of the few areas in Vietnam with direct container shipping routes to Europe and the Americas. This advantage significantly shortens shipping times and optimizes logistics costs, facilitating both the import of raw materials and large-scale product distribution.

Rapid connectivity to the Bien Hoa – Vung Tau and Ben Luc – Long Thanh expressways, together with an inland waterway port system capable of receiving vessels and barges of up to 3,000 tons, and a regional industrial gas supply, further reinforce large-scale production capacity and open up greater opportunities to participate in global supply chains.

The signing of the MOU marks an important first step in the cooperation journey between IDICO and the investor. Further details on the project will continue to be updated by IDICO in due course.